John Wiley & Sons, Inc. · NYSE:WLY
John Wiley & Sons — Q2 2025 Earnings Presentation
20 slides from John Wiley & Sons's earnings presentation, Dec 5, 2024
Slide 1: Second Quarter Fiscal 2025 Earnings Review
Second Quarter Fiscal 2025 Earnings Review December 5, 2024 NYSE: WLY
Slide 2: Safe Harbor Statement and Non-GAAP Measures
SAFE HARBOR STATEMENT NON-GAAP MEASURES This release contains certain forward-looking statements concerning the Company's In this presentation, Wiley provides the following non-GAAP performance operations, performance, and financial condition. Reliance should not be placed on measures: forward-looki
Slide 3: The Knowledge Company
The Knowledge Company Wiley enables the creation of knowledge and its application in science, learning, innovation, and other critical areas of the knowledge economy 3
Slide 4: Second Quarter 2025 Summary
Second Quarter 2025 Summary Revenue growth driven by solid performance in Learning and modest growth in Research Continued margin expansion and EPS growth in line with executed plans AI progress accelerating with healthy pipeline and market in early development Leadership changes focused on skills a
Slide 5: Executing on our Fiscal 2025 Objectives
Executing on our Fiscal 2025 Objectives OBJECTIVE 1H STATUS 1H PROGRESS • Delivered 2% growth in Research driven by favorable demand indicators (+18% submissions and +7% output) and continued OA growth Drive recovery and growth in • CY25 renewal season getting underway for subscriptions and Research
Slide 6: Second Quarter Performance
Second Quarter Performance Adj. Revenue* GAAP EPS Adj. EPS* Adj. EBITDA* ▲3% ▲$1.09 ▲36% ▲14% $423M $0.74 $0.97 $106M *Adjusted Revenue, Adjusted EPS, and Adjusted EBITDA performance excludes businesses held for sale or sold. Adjusted numbers exclude impact of foreign exchange ▪ Adjusted Revenue gro
Slide 7: Leadership Changes
Leadership Changes Christopher Caridi, Interim Chief Financial Officer - Focused on driving strategic financial decisions, improving cost structure and driving capital efficiency - Wiley’s Corporate Controller and Chief Accounting Officer since 2017 - Highly experienced financial leader with 30+ yea
Slide 8: AI Strategic Progress
AI Strategic Progress Strategic Pillars Productivity Publishing Innovation Licensing & Applications Empower colleagues and redesign core Transform publishing experience for Leverage high-quality content and data business functions for customer authors and editors; add new customer catalog to train a
Slide 9: Reinvesting in Quality Growth while Expanding Margins
Reinvesting in Quality Growth while Expanding Margins AREA INVESTMENTS EXPECTATIONS Q2 PROGRESS Grow Research Publishing • Expand editorial capacity • As a scale and quality • Advanced brand extension seeing market share • Expand journal portfolio leader, our aim is to meet strong momentum, 22 journ
Slide 10: Segment Performance, Outlook, Financial Position
Segment Performance Outlook Financial Position
Slide 11: Research Performance
Research Performance (millions) Q2 2025 Change Change CC 1H 2025 Change Change CC Research Publishing $223 1% 1% $454 2% 2% Research Solutions $39 3% 2% $73 1% 1% Total Revenue $262 2% 1% $527 2% 2% Adjusted EBITDA $82 1% $160 1% Adjusted EBITDA Margin 31.3% 30.3% ▪ Research Publishing: gold open ac
Slide 12: Learning Performance
Learning Performance (millions) Q2 2025 Change Change CC 1H 2025 Change Change CC Academic $95 6% 5% $155 13% 12% Professional $67 12% 11% $131 8% 8% Total Revenue* $162 8% 7% $286 11% 10% Adjusted EBITDA $67 23% $101 33% Adjusted EBITDA Margin 41.3% 35.2% *Q2 and YTD revenue growth at constant curr
Slide 13: 2H Quarterly Phasing
2H Quarterly Phasing Uneven second half anticipated with Q3 challenged and Q4 elevated • Q3: challenged by seasonal fluctuations in Learning and current year investments • Q4: significant portion of FY25 revenue and profit growth expected - Strong momentum and favorable revenue comps in Research - G
Slide 14: Reaffirming Fiscal 2025 Guidance
Reaffirming Fiscal 2025 Guidance Metric Fiscal 2024 Results Fiscal 2025 Outlook (Millions, except EPS) Reinvestment in FY25 Adjusted Revenue* $1,617 $1,650 to $1,690 • $30M from in-year cost savings (half of $60M) Research $1,043 Low-to-mid-single digit growth • $15M from proceeds of Q1 Learning $57
Slide 15: Financial Position and Capital Allocation
Financial Position and Capital Allocation • Free Cash Flow a use of $130M vs. $132M in prior year. FCF historically a use through 1H due to timing of Dividends and Repurchases annual journal subscription receipts. 1H Allocation ▪ Dividends: Raised dividend for 31st consecutive year $64M $61M ▪ Share
Slide 16: Summary
Summary
Slide 17: Executive Summary
Executive Summary Revenue growth drive by solid performance in Learning and modest growth in Research Continued margin expansion and EPS growth in line with executed plans AI progress accelerating with healthy pipeline and market in early development Leadership changes focused on skills and experien
Slide 18: Thank you for joining us
Thank you for joining us investors.wiley.com Contact: Brian Campbell brian.campbell@wiley.com +1 (201) 748-6874
Slide 19: Appendix – US GAAP to Non-GAAP EPS Reconciliation
Appendix – US GAAP to Non-GAAP EPS Reconciliation JOHN WILEY & SONS, INC. Notes: (1) (2) SUPPLEMENTARY INFORMATION (1) See Explanation of Usage of Non-GAAP Performance Measures included in this supplementary information for additional details on the reasons why management believes presentation of ea
Slide 20: Appendix – Net Income to Adjusted EBITDA
Appendix – Net Income to Adjusted EBITDA JOHN WILEY & SONS, INC. SUPPLEMENTARY INFORMATION (1) RECONCILIATION OF US GAAP NET INCOME (LOSS) TO NON-GAAP EBITDA AND ADJUSTED EBITDA (unaudited) Three Months Ended Six Months Ended October 31, October 31, 2024 2023 2024 2023 Net Income (Loss) $ 40,458 $ (